Home Values

53583 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$172,000

  • -3.9% 1-year change
  • None 1-year forecast

The median home value in 53583 is $172,000. 53583 home values have declined -3.9% over the past year. The median price of homes currently listed in 53583 is $199,900.

Foreclosures will be a factor impacting home values in the next several years. In 53583 3.3 homes are foreclosed (per 10,000). This is greater than the Madison Metro value of 1.5 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 53583 is 1.0%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 53583 homeowners underwater on their mortgage is 12.0%, which is higher than Madison Metro at 10.5%.

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Relative ZHVI
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53583 Market Overview

Data through Jan 31, 2015
  • $172,000 ZHVI
  • No data 1-yr forecast
  • $199,900 Median listing price
  • No data Median sale price
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53583 Market Health

Data through Jan 31, 2015
  • 4.5/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 12.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes(Jul 31, 2014) 53583
1.5 homes Madison Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
53528 $276,100
53561 $271,800
53517 $262,800
Name Median ZHVI
53555 $246,900
53529 $235,500
53578 $208,700
Name Median ZHVI
53560 $208,400
53515 $205,500
53913 $152,600

Listings & Sales

Data through Jan 31, 2015
  • $118 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
17.5%
Sold below listing
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53583 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,258 53583
    $1,392 Madison Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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